Sangam India news and archive

Sangam plans 15 retail stores, floats 100 per cent subsidiary

Sangam (India), a leading integrated textile conglomerate plans to open 10-15 stores in Tier I and II cities by March 2017. With this in mind Sangam has floated a 100 per cent subsidiary. The subsidiary, Sangam Lifestyle Ventures has been floated for its retail business. The new subsidiary will focus on developing new exclusive chain of stores...

Apparel

Sangam India reports net profit of Rs 12.24 cr in Q2

In Q2 this fiscal Sangam India has registered net sales/income from operations of Rs 353.04 crores as against Rs 385.66 crores for the quarter ended September 30, 2012. Net profit was at Rs 12.24 crores as against Rs 18.09 crore last year. The company has reported net sales/income from operations of Rs 720.66 crores for the half-year ended...

Apparel

Sangam net sales surge 6.5 percent

Sangam (India), a leading textile company has posted a robust growth in the third quarter ended December 31, 2012. The company reported total sales of Rs 327.96 crores as compared to Rs 307.92 crores in the corresponding previous quarter. EBIDTA for the quarter stood at Rs 51.30 crores as against Rs 31.10 crores in the corresponding period last...

Apparel

Sangam Q2 net profit up 200%

Sangam (India), a leading player in Polyester Viscose (PV) dyed yarn segment in India, posted a 200 per cent rise in net profit at Rs 18.09 crores for the second quarter ended September 30, 2012 as compared to Rs 6.03 crore in the corresponding quarter previous year. Net sales during this period grew by 2.2 per cent to Rs 384.06 crores as...

Apparel

CRISIL gives 3/5 to rating to Sangam

CRISIL Research has come out with its report on Sangam (India) and it has maintained the fundamental grade of 3/5 to the company in its latest report. Sangam India’s Q2-FY12 revenues were in line but profitability was lower than CRISIL’s expectations. Sangam reported revenues of Rs 3,756 million, up by 39.4 per cent year-on-year basis backed by...